Securities (Tables)

6 Months Ended

Jun. 30, 2018

Investments, Debt and Equity Securities [Abstract]

Schedule of amortized cost and fair value of securities

The required fair value disclosures are as follows:



In thousands	Fair Value at January 1, 2018		Unrealized Gains		Unrealized Losses		Fair Value at June 30, 2018
JUNE 30, 2018
Equity securities with a readily determinable fair value	$	1,793	$	22	$	48	$	1,767

Amortized cost and fair value of securities at June 30, 2018, and December 31, 2017, were as follows:



In thousands	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value

SECURITIES AVAILABLE FOR SALE

JUNE 30, 2018
U.S. Government and agencies	$	115,580	$	2	$	3,159	$	112,423
Mortgage-backed securities, residential	29,110		145		551		28,704
State and municipal	11,282		76		61		11,297
	$	155,972	$	223	$	3,771	$	152,424

DECEMBER 31, 2017
U.S. Government and agencies	$	105,899	$	2	$	1,818	$	104,083
Mortgage-backed securities, residential	34,473		461		101		34,833
State and municipal	13,227		109		42		13,294
Corporate bonds	5,000		57		—		5,057
CRA mutual fund	1,044		—		9		1,035
Stock in other banks	647		102		—		749
	$	160,290	$	731	$	1,970	$	159,051

SECURITIES HELD TO MATURITY

JUNE 30, 2018
U.S. Government and agencies	$	17,000	$	—	$	128	$	16,872
Mortgage-backed securities, residential	22,894		—		621		22,273
	$	39,894	$	—	$	749	$	39,145
DECEMBER 31, 2017
U.S. Government and agencies	$	19,000	$	2	$	99	$	18,903
Mortgage-backed securities, residential	25,829		55		238		25,646
	$	44,829	$	57	$	337	$	44,549

Schedule of unrealized losses and fair value

The following table shows the Corporation’s investments’ gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at June 30, 2018, and December 31, 2017:



	Less than 12 Months				12 Months or More				Total
In thousands	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses

SECURITIES AVAILABLE FOR SALE

JUNE 30, 2018
U.S. Government and agencies	$	47,707	$	892	$	62,246	$	2,267	$	109,953	$	3,159
Mortgage-backed securities, residential	19,950		496		1,378		55		21,328		551
State and municipal	1,475		8		1,925		53		3,400		61
	$	69,132	$	1,396	$	65,549	$	2,375	$	134,681	$	3,771

DECEMBER 31, 2017
U.S. Government and agencies	$	42,775	$	445	$	58,279	$	1,373	$	101,054	$	1,818
Mortgage-backed securities, residential	7,228		56		2,845		45		10,073		101
State and municipal	1,042		8		1,950		34		2,992		42
CRA Mutual Fund	—		—		1,035		9		1,035		9
	$	51,045	$	509	$	64,109	$	1,461	$	115,154	$	1,970

SECURITIES HELD TO MATURITY

JUNE 30, 2018
U.S. Government and agencies	$	2,966	$	34	$	12,906	$	94	$	15,872	$	128
Mortgage-backed securities, residential	12,322		210		9,951		411		22,273		621
	$	15,288	$	244	$	22,857	$	505	$	38,145	$	749

DECEMBER 31, 2017
U.S. Government and agencies	$	4,985	$	15	$	10,916	$	84	$	15,901	$	99
Mortgage-backed securities, residential	4,946		29		11,070		209		16,016		238
	$	9,931	$	44	$	21,986	$	293	$	31,917	$	337

Schedule of amortized cost and fair value by contractual maturity

Amortized cost and fair value at June 30, 2018, by contractual maturity, where applicable, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay with or without penalties.



	Available for Sale				Held to Maturity
In thousands	Amortized Cost		Fair Value		Amortized Cost		Fair Value

1 year or less	$	9,349	$	9,321	$	10,000	$	9,973
Over 1 year through 5 years	110,627		107,677		7,000		6,899
Over 5 years through 10 years	6,886		6,721		—		—
Over 10 years	—		—		—		—
Mortgage-backed securities, residential	29,110		28,705		22,894		22,273
	$	155,972	$	152,424	$	39,894	$	39,145